Treasury Trading Update.

No explosions from the EU Summit however stress indicators are showing resumption of - you guessed it - stress.

From today's accutic plus report:

Price action as measured by US 10yr. note futures show that there may have been a bit of hope that something rather substantial would have come out of the EU Summit concluding today. However as shown on the chart to the right the trend towards lower prices since that started around Nov 29^th may be ending. Back then I noted how the IMF was started to be mentioned as taking more of a significant role in the European crisis - http://financialfutures.typepad.com/accutic_plus/2011/11/treasury-trading-update-15.html

 although not “the bazooka” at least including them took the caliber from pistol to long bore rifle size.

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